Hawaii Deferred Compensation Fund, Honolulu, is searching for an active core fixed-income manager, said Cynthia Akiyoshi, personnel management specialist for benefits administration in Hawaii's Department of Human Resources Development.
The search is being conducted due to personnel changes at existing core fixed-income manager Pacific Investment Management Co. PIMCO is invited to rebid; it has not been determined whether the firm will be replaced, Ms. Akiyoshi said.
The 457 plan has about $2 billion in assets, and about $70 million is invested in the PIMCO fund.
The RFP is available on the state's procurement website. Proposals are due by 3 p.m. Hawaii Standard Time on July 29. Finalist interviews are tentatively scheduled for Oct. 5-7, with a potential hiring decision Oct. 25-28.
Consultant Segal Rogerscasey is assisting with the search.